Wedbush reiterated their outperform rating on shares of Proofpoint (NASDAQ:PFPT) in a research note published on Wednesday, January 3rd. They currently have a $108.00 price target on the software maker’s stock.

A number of other brokerages have also weighed in on PFPT. Evercore ISI set a $105.00 target price on Proofpoint and gave the stock a buy rating in a research note on Friday, October 20th. Piper Jaffray Companies set a $105.00 target price on Proofpoint and gave the stock a buy rating in a research note on Friday, October 20th. Imperial Capital upped their target price on Proofpoint from $102.00 to $110.00 and gave the stock an outperform rating in a research note on Friday, October 20th. Robert W. Baird reiterated a hold rating and set a $100.00 price objective (up from $95.00) on shares of Proofpoint in a research report on Friday, October 20th. Finally, Stifel Nicolaus set a $100.00 target price on Proofpoint and gave the company a buy rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Proofpoint currently has an average rating of Buy and a consensus price target of $102.48.

Proofpoint (PFPT) traded up $1.52 during trading hours on Wednesday, hitting $99.57. The company had a trading volume of 391,600 shares, compared to its average volume of 497,769. The company has a market cap of $4,460.00, a price-to-earnings ratio of -45.05 and a beta of 1.32. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. Proofpoint has a 12 month low of $70.30 and a 12 month high of $101.05.

In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.96, for a total value of $736,142.68. Following the completion of the sale, the executive vice president now owns 24,429 shares of the company’s stock, valued at approximately $2,197,632.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction on Monday, November 13th. The stock was sold at an average price of $88.99, for a total value of $266,970.00. Following the completion of the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,501,617.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,549 shares of company stock valued at $14,900,426. 5.96% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of PFPT. BlackRock Inc. boosted its stake in shares of Proofpoint by 9.7% in the 2nd quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after buying an additional 309,998 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Proofpoint by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock worth $294,577,000 after buying an additional 77,721 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Proofpoint by 8.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock worth $262,715,000 after buying an additional 225,970 shares during the last quarter. FMR LLC boosted its stake in shares of Proofpoint by 10.9% in the 2nd quarter. FMR LLC now owns 961,745 shares of the software maker’s stock worth $83,508,000 after buying an additional 94,545 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Proofpoint by 13.0% in the 2nd quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock worth $81,878,000 after buying an additional 108,772 shares during the last quarter.

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Proofpoint Company Profile

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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